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Springboard Corporate Finance 

July, 2019 - England

 

 

Springboard Advise on the Sale of dg8 Design and Engineering to Icomera UK, a Subsidiary of ENGIE Ineo

 

Springboard Corporate Finance is delighted to announce that it has advised on the cross-border sale of dg8 design and engineering, a design and engineering consultancy based in Derby. dg8 works principally with global clients in the rail transport sector and its team has extensive experience of the rail vehicle market, working with all tiers of the supply chain.

dg8 was sold to Icomera UK, a subsidiary of Gothenburg-based Icomera AB, the world's leading provider of wireless internet connectivity for public transport. Icomera is itself a wholly-owned subsidiary of ENGIE Ineo, a creator of solutions for urban areas and neighbourhoods, which is headquartered in France and has more than 15,000 employees across a network of 300 facilities worldwide.

Dave Palmer, Managing Director of Icomera UK commented "The acquisition of dg8 strengthens Icomera's ability to deliver the truly interconnected eco-systems of onboard systems and services required for fully realising the potential of the connected vehicle for passengers and operators. Icomera and dg8 have successfully collaborated on many projects previously and now the closer integration of the teams makes us even stronger digital partners for our clients."

Springboard Partner Justin Sparks advised dg8 on the sale. Justin commented "It was a pleasure to support the team at dg8 to help them realise the benefits of their hard work over the years. dg8 is a truly global player and we are delighted to help secure the sale to a strategic overseas buyer."

THE CLIENT ON SPRINGBOARD
"Springboard joined the project at a critical stage and turned the deal around to ensure that all of our hard work didn't go to waste. Both sides of the transaction commented that without Springboard's involvement we wouldn't have got the deal over the line and their support was excellent, no matter what time of day." Mark Hoptroff, Director, dg8 design and engineering

ABOUT SPRINGBOARD
We are a market leading corporate advisory firm focused on providing strategic, commercial and financial advice and support to a range of clients. We focus exclusively on the following services:
• Acquisitions - supporting corporate and management teams – identifying targets and executing deals
• Disposals - Full or partial business sales and exits
• Raising finance - working capital or development capital – typically debt or private equity/venture capital
• Management / Retained advisory - strategic, commercial and financial support



 

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